Friday, 6 February 2015

Commodity Market Base Metals News and Tips

We saw mercurial movements in Bullion during the week though for full January month, the commodity has posted gains of around 8%, marking its best monthly advance since January 2012.

Gold Comex contract for Apr expiry saw healthy movement yesterday as the commodity moved lower towards $1255 per ounce mark while managed late session recovery to shut, marginally lower on a day to day comparison

At MCX, Gold same months settlement lost 0.4% to Rs 27300 per 10 Gms 

Silver too lost weight along with gold though its higher mercurial nature pressed it further down as compared to the yellow metal marginally

Silver Comex March expiry contract slipped 1.15% while Indian MCX Silver fell 1.45% yesterday.

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